-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Greta Thunbergs 5 year end of the world predictions never came true. Al Gore’s 2010 predictions never came true-Miami Beach is not underwater. Politicians like Obama keep buying expensive ocean front property and Glacier National Park had to remove signs that the glaciers would be gone by 2020. Remember the world wide food crisis, the garbage crisis, the new Ice Age crisis, the ozone crisis? We should all be dead by now.
“Mr. Glennon vividly displays the Ostrich Syndrome”
Al Matheis vividly displays the Chicken Little Syndrome.
If we believed Al Gore’s “An Inconvenient Truth” we should all be dead by now. I think Al Matheis has been partaking in too much of Illinois fantastic marijuana offerings.
These climate scare mongers are everywhere. But some simple facts are hard to ignore. There are fewer hurricanes, fewer acres burned by wildfire, no more tornadoes than before. Heck, there are now even more polar bears on record than ever. Wind power deals are being canceled all over the place because they don’t work. Solar is totally unreliable. And EV’s create more environmental problems than they are worth. The climate scare is one of the great all time scams, right up there with the Covid fraudsters.
You are completely correct……..